There will be 936 million people using this technology to make payments by 2021, and the value of transactions will exceed €471,000 million.
They integrate a security chip based on Java technology where the CaixaBank payment application has been installed as well as an initial balance. G&D customers can verify its simplicity of use when making small payments in a great variety of shops in Barcelona. In addition, since it is a certified by Visa product, the wristbands can be used to pay in any country around the world. Its operation is similar to that of a prepaid chip card.
Apart from payments, the new wearable device can also be used as a building access control system or as a public transport card due to the NFC contactless technology and various mobile applications